3 Ways To Raise Money In A Hurry
Money is a strange thing. It does not buy happiness, but it certainly makes life more comfortable – thus leading to some happiness. However, there are times when you face a fund shortage and are left wondering how to get your hands on a lot of money fast.
Want to raise money quickly? We present 3 good ideas:
#1 Get a personal loan.
The fastest and best way to raise money in a hurry is to apply for an instant loan online. This is essentially a personal loan that you take against a good credit score and a salaried job. Leading loan apps in India offer cash loans swiftly and with minimal documentation. It is possible to get the instant loan online in a matter of hours, from application to disbursal. Just ensure that you have a good credit history, no outstanding debt and a repayment plan in place when you apply. If you are in a hurry, a cash loan app is a better bet than a bank which is bound to take longer to process the application.
#2 Sell or monetise an asset.
Another way to raise money quickly is to sell an asset that you own. This could be a house, or your current car, or even a laptop in good working condition. However, except for realty, most other assets will face depreciation, so you cannot hope to get the selling price on it or even make a profit. Another avenue to keep the asset paying you regularly instead of just once, is to rent it out for periodic income. For example, you could consider renting out your car to a travel company instead of selling it. Or you can rent out an extra room in your house to holidayers or start-ups looking for a communal working space. If you set it up right, the asset can start paying you right away and solve your financial issues.
#3 Start a fundraiser.
A lot of people finance a long-held dream such as travelling to a certain number of countries in a year, or starting a shelter for stray animals, or even buying used laptops for financially backward school children to attend online classes, via fundraisers. There are fundraising platforms like Ketto where you can create a page and profile, and succinctly explain the purpose of the activity. The description should be worded such that people see the value of donating money for the cause, instead of questioning your motives and steering clear of it. But this avenue of raising money can take time – speed up the process by adding the fundraising link to your social media pages, blogging about it, getting an influencer to help spread the word, and so on.
Conclusion
There are many ways to raise money in the short- and long-term, but not each method is equally effective. You can try the ones listed above for the fastest results.
